This page contains
aggregated information about each property, and is not intended
to serve as an appraisal. Projections for accumulated wealth,
cash flow and equity are based on predictive models used to
analyze big data on more than 110 million homes. Learn more
about INVESTimate

...MORE

...LESS

This page contains
aggregated information about each property, and is not intended
to serve as an appraisal. Projections for accumulated wealth,
cash flow and equity are based on predictive models used to
analyze big data on more than 110 million homes. Learn more
about INVESTimate

843 W 11th Ave 206
Anchorage,
AK 99501

Neighborhood
Rating

Neighborhoods that
generally offer lower risk exposure, higher appreciation,
but with lower yields. These neighborhoods are usually
higher priced.

Neighborhoods that
offer moderate risk exposure, a balance of yield and
appreciation, and typically have mid-priced properties.

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,009 per month.

MY RENT : $1,009MEDIAN RENT : $1,496

Rent

% Distribution

$500-699

0.0%

$700-899

0.0%

$900-999

2.0%

$1,000-1,499

48.5%

>=$1,500

49.5%

Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,009 would therefore be considered affordable for annual household incomes greater than $40,360 (12 months x 3.333 x $1,009).

Rent

% Affordability

Above $500

72.5%

Above $700

64.4%

Above $1,100

45.8%

Above $1,500

40.3%

Above $1,900

32.7%

HOUSEHOLD INCOME RANGE

Approximately 356 of households in this neighborhood have a total annual income of $40,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,009 per month.

MINIMUM INCOME RANGE : $40,360

Income

% Distribution

27.5%

$20K-$35K

22.2%

$35K-$60K

10.0%

$60K-$100K

22.8%

>=$100K

17.5%

COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.